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The Fish House increases its dividend each year. It just has paid a dividend of $2.1353 a share. Future dividends will increase by 3.5% annually.

The Fish House increases its dividend each year. It just has paid a dividend of $2.1353 a share. Future dividends will increase by 3.5% annually. What is the current value of this stock if the discount rate is 14%?

A. $21.05

B. $21.78

C. $22.02

D. $22.18

$20.91

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